25% against the euro in the last couple of years. these new survey. it's possible you'll see a bounce back but if the trend continues a stronger euro sign data, that could happen. >> maybe it's time for a tuesday said. lea: thank you for joining us this morning on train seven. mornings at aria starts right now. >> good morning, everybody. maria bartiromo. thursday, august 17th. 6:00 a.m. on the east coast. president trump ties to corporate america resolve. the business advisory council disbanded in the aftermath of response to the charlottesville attack. a massive candlelight vigil in charlottesville. hundreds of people flooding the streets comes hours after the memorial service for heather heyer. >> what happened to heather has struck a chord because we know

what she did is achievable. we don't all have to die. we don't all have to sacrifice their lives. they tried to kill my child to shut her up. guess what? you just magnified her. [applause] trade do more for the emotional service this morning. wal-mart earning the big one to watch today. to try to see how is keeping up with amazon. broader markets here. lower after games. delegates are pulling back about 14 points. nasdaq weaker by 400%. in europe this morning, take a look. lower across the board. in asia overnight, markets were mixed at the close. the nikkei and the hang seng lower pitch a high and kospi were higher. samsung's battery recall is that. refurbished batteries for the

galaxy know for a taken off the market over concerns. plus a painful first pitch. watch. wow, more on the good coming out of. jamie to talk about it, fox business network dagen mcdowell is back. chief investment officer michael johnson play ceo lawrence jones. good to have you here. thanks for joining us. welcome back. dagen: nothing like a baseball to the gut. as i've gotten older, things that were slapstick like that really makes me laugh. >> i'm sure he thought he was in a safe zone. maria: the council disbanded and waiting on the wal-mart earning should be something to watch. going through the markets you think? >> i think the exit patients as

they will continue to have relatively good earnings. the whole retail space has been under such pressure. the amazon edition of the entire retail world and the fact that margin revenue has been good. margins have not across the retail space. maria: a big show ahead. there were diversity coalition for the president is here. c-3 iot chairman tom siegel is ecosystem is joining us as well. arizona congressman andy biggs is here. mohamed o'kelly at checks in with us. we take it off right here. president trump to meet with a small business administrator today linda mcmahon is the president dissolved to economic advisory councils yesterday after corporate executives

designed in the wake of his response to the violence in charlottesville, virginia. the president to did this yesterday appeared rather than putting pressure at the manufacturing council, i am indeed both. coming moments after two more ceos announced investigations for the manufacturing council. boot policy forum decided to disband during a 45 minute conference call yesterday. the group said the state around charlottesville have become distraction to their purpose. the president's comment president's comments come up with this but the congressional agenda at risk once again? >> this falls on congress to push the agenda ahead and it's not just tax reform we talked about. this is raising the debt ceiling which could indeed roiled markets if it looks like they can't do it and do it with speed once they come back from the break. it's also about keeping the

government open, getting a budget in place. let's not forget what they fail to do on repealing or replacing or fixing obamacare. it does speak to the turmoil in the white house and the country that this is the first business president did you have business leaders stepping aside because of what has happened saturday angrily on tuesday. a lot of these ceos stop short of saying they would refuse to work with the white house that this is another blow to a shaky administration. >> this is bad because this is where the president should be leading. when you have a businessman like donald trump that is so energetic that can talk about this right here. the fact he can't talk about it shows you that the white house created this distraction.

the president not responsible for what happened in that city. but the president's comment when he pivoted back, he is once again put himself in the spotlight when it comes to these issues. race relations act out forever president. let's not pretend like all of them got it right. as commander-in-chief come you have to speak to the country into the heart. with the president went back, he created problems. >> condemning the aussies is the easiest part of race relations in america. there're plenty of people on both sides of the monument debate, but the good people the pro-monument site are not in charlottesville. they don't attend marches of the city didn't need to protect them. one of my concerns come a my concerns, dagen was talking about the agenda. brahimi's input is on tax reform and participation is said public

private partnerships. those are the two big things that financial markets are looking for any jeopardize both of them this week. maria: these people are still going to be there for him. steve swartz then commit to a be there if the input on tax reform. the truth is he had a hard time understanding what the issue was in the fact the country was in a moment that needed healing. bella said toni should've taken. dagen: i disagree with what a lot of people have said on monday even before that tuesday out-of-control impromptu press impromptu press conference by the president. this is not personal politics. in fact, the president on tuesday data personnel as he has in the past. he felt like he was told you is

wrong. this isn't about personal politics are ceos. it's about their employees. they are worried about their bottom line and investors and customers. >> customers. >> did not act aggressively about what actually happened in the city made it worse. >> i was in charlottesville the last two days. my whole family lives and then around charlottesville. i think what you see the biggest problem right now is because i found the president's remarks about the lack of calling out what they were and that's the reason heather heyer list that is why it started in the first place. i called him out on that and found it to be lacking a college and disgraceful. because i said that her feel that way, i all of a sudden have a left wing liberal that is more

garbage that could fill the grand canyon or any other ocean. that's we are as a nation. either here or there is no in between. train to the left will use to will use to shame me really try and take you down. it is the constant e-mail sent constant tweets and just anything to public shame so you come across differently or agree. >> the rise of left-wing radicals. when there is a need riot at berkeley, we talk about it and call it for what it is. when police officers are killed in the line of duty, we speak up for that. this was about one specific thing to begin with. it was about a rally with people shouting, carrying torches shouting jews will not replace

us. >> call that the obama administration for beaver like that to call islamic extremist terrorism what it is. this is domestic terrorism, using the exact same techniques as safe as using come using cars as weapons. we should describe this for what it is. these are all things that really hurt the president in terms of carrying the message. maria: where does it go from here? "the wall street journal" op-ed today, karl rove said trump will be judged by his results in so far he's failed to deliver much as he placed the difficulties of legislating. one example of that from a sitdown interview back in april which karl rove mentions. >> we have a health care plan that i think will happen and if it happens i go immediately to tax reform and that will be

easier than health care. >> kevin brady remains bullish on the prospects. he told reporters the differences between health care that tax overhaul to just about everything. give the president getting carried top stepping on his own agenda? do you think the agenda now is in jeopardy? >> yes, kelly was brought there for a reason. even when he talked about the charlottesville, he could read. he has to remain focused because once again, the ads are being andy says things that may be he does that mean some of the stuff he says, but still a mistake. he could be talking about tax reform this week. we talk about businesses this

week. >> how hard is it to pivoted here? >> is going to be extremely difficult. i imagine if he is the man you hope he is, he is going to do everything. but i worry. >> i gave him credit for the first time because he said i'm going to call about my white supremacy, white nationalism. >> i gave him credit, too. looking at everything he said and say they're good people in both sides. it's impossible to defend. >> it's going to make it difficult. i agree with you. jamie dimon wants to be there for america, but he also has to balance the shareholders and customers and if they continue to become, you have to call a toxic of these race issues, it will make it much more difficult

for corporate america to work with them on this critical agenda items. maria: one of the shaming yesterday was larry summers say that doug macmillan was unfit to run wal-mart if he did not announce and step down for the council. he did not get done initially, but who is the public shaming, calling on other people in the council to step down because of the president. >> the president has given every that with which to beat him. he made it very easy to do this kind of shaming process. maria: they are also shaming administration and, whether it's scary: come the john kelly you will hear that. maria: we'll see if it actually happens. how is the speculation yesterday.

all of this prodded. we will talk more about it. community in mourning this morning. the charlottesville vigil brought thousands of peopleat fd together. we will break down what to expect next. ♪ [vo] progress is seizing the moment. your summer moment awaits you now that the summer of audi sales event is here. audi will cover your first month's lease payment on select models during the summer of audi sales event.

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it senses and automatically adjusts on both sides. the new 360 smart bed is part of our biggest sale of the year where all beds are on sale. and right now save 50% on the labor day limited edition bed. maria: welcome back. candlelight vigil against hate and violence at the university of virginia. lauren simonetti with the details. >> good morning, maria. hundreds of people walk

peacefully in the same place for white nationalists marched on friday. they also number 32-year-old heather heyer killed over the weekend when she was struck by a car. her parents appealing for calm. >> to virginia state troopers monitoring that event also died when their helicopter crashed. some weather for you. a number of tornadoes touching down in south-central minnesota yesterday. seven tornado spotted on the ground. more than three inches of rain along most of the four-part five inches in some places. one reported six-inch trade

benches bent over. a look right now at wal-mart. investors also focusing on earnings report later today. analysts looking for a profit of $1.77 so far this year. wal-mart like many other retailers also going to hear from the amazon of china. expected to report sharply higher earnings per sale from a year ago. right now the premarket, $160.90. >> motorola find a solution for your broken phone. how your screen can repair it felt straight ahead. with a stroke of bad luck from the start of red sox game. more on that shocking strike out next.

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maria: welcome back at a painful first pitch last night. >> staple of the boston red sox games at fenway park for years. he was even in the movie fever pitch. a ceremonial start of last night games at the boston red socks.

photographer tony biondo takes one for the team. this is how he saw things through his eyes. just before the baseball hit where no man wants to be hit, tough night at fenway park. could lebron james play the cavaliers for a second time? the former mvp relationship with cavaliers owner dan gilbert beyond repair. finding a point and that after this season. even sums it just seen the cavaliers could could their trading lebron james. golden state warriors tweeted you can't train a legend. he gets to hold the cards. the atlanta falcons new stadium has its own chick-fil-a. but get this. it won't be open for the biggest day in the nfl, sunday afternoons.

go back to 1946 would chick-fil-a said they are closed on sundays. they will only have one out of eight games this year were chick-fil-a will be open. in the establishment that will open. maria: in this location. >> a different question is why it open in a venue will be open on sunday. >> why would they you could help it -- of chick-fil-a is closed on sunday, why put one sunday, why put one in a stadium in the first place. maria: just call it something else. >> there will be other event that are there. ncaa. they won't have it open on the super bowl. maria: how about this? this right may her father's dream come true and surprised him with a bear stained wedding dress for their first father

daughter dance. take a look. >> the happiest and away the saddest day for so many fathers are but a great way to say you're always number one. got the chicago bears. >> no matter who my husband was for, you know who i root for. >> that's kind of how it goes. >> how about the photographer in boston? >> i thought he got hit in the belly. [laughter] >> he did get a stomach ache i imagine. this could especially has been a staple at fenway park. fever pitch -- he plays competitive baseball in junior high. the look on his face was priceless. >> can we slow it down?

>> you say that. we are feeling the pain. >> i love this shot from his camera. >> you've got to wonder what's going through his mind. >> they lost in 67, world series to the cardinals last night. boston win last night and stays up in the american ease. giancarlo stanton had six straight games. he needed two more to tie the major league record. didn't do it. maria: jared max. catch reports on headline or 115. dozens are killed during a prison riot in venezuela. mounting tension in the country next. mike pence doubling down on curbing north korea's missile capabilities. watch. >> we are beginning to see progress in dealing with north korea's provocations and pursued that the nuclear ballistic missile program. more must still be done.

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. . . maria: happy thursday, welcome back, thank you so much for joining us. i'm maria bartiromo, it is thursday august 17th, top stories right now 6:30 a.m. on the east coast. president trump focused on

business following decision to disban ceo council. the president is busy tweeting this morning saying this, publicity seeking lindsey graham falsely stated that there's moral equivlapgy between the kkk, neglect owe-nazis and white supremacists. such a disgusting lie. he just can't forget his election trouncing. people of south carolina will remember. administration remains on high alert. >> patient with north korea hope they will abandon nuclear ambitions and all along the way, north korea has used delay and used negotiations to continue in

head-long rush to continue nuclear weapons and ballistic program and the president made it clear that those days are over. maria: very latest as south korean leader says president trump seeks approval before military against the north. retail earnings, wal-mart and alibaba. we are breaking down ahead of wal-mart numbers ahead of market opening. futures indicate the markets will open lower. dow industrials down 16 points and 2 and a half in nasdaq. as you see the winners in the shanghai and kospi index up fractionally. more trouble for samsung. details as refurbished batteries are recalled over possible fire

risk, plus, bottle of wine can meet the parents or a dress for your anniversary dinner, new perks one dating app is offering for relationship milestone. first, heightening tensions with north korea. moon jae-in said president trump would seek approval before taking action against north korean regime. dunford said the president has the final say on any strike against north korea. the comments come after vice president pence urged, brazil, chile and méxico spoke all ties with north korea while he spoke to chile. >> president trump sent me to asia pacific this year and sent other representatives to send one clear message to north korea and that is that the strategic patience is over, we are working with nations around the world to

isolate north korea economically and diplomatically, i requested to terminate that relationship formal. maria: joining us former navy pilot and intelligence commentator, lea gabrielle, what would it take to escalate situation in your view? >> right now that's what our relationship is trying to do and using a variety of ways, sanctions, they are working with other countries and also making it clear that all options are on the table right now. when you look at mr. moon and any military action would be discussed with north korea would take leadership role if a country that's scared right now. as tensions are escalating there's fear about what could happen. maria: he's trying to calm his people. >> absolutely trying to calm his people and that's also what we are hearing when we read the op-ed by rex tillerson and

secretary mattis where they are basically saying, we do have all options on the table and we will not take military options off the table. as far as deescalating the tensions, we are starting to see that, we are seeing kim jong un pull back slightly but you have to remember the rhetoric has been going on every year when we do military exercises as we are about to start next week with south korea. north korea takes it as major threat. the leadership there believes that we are preparing to attack their country and basically ramp up rhetoric every time this happens, but the u.s. and south korea and our other allied count ris, we will continue to do military exercises in that region. it's something that's not going to happen. maria: it's unfortunate. you hit on something enormous, north korea is actually backing down. north korea is actually saying, okay, we are thinking twice about making the threat that is we are going to strike guam. we are not even talking about this because of all of the dysfunction happening in washington.

that is an enormous development. >> and i think you have to give credit to administration. do you think the technology is there to reliably take out a north korean missile if it is launched. i wonder if one of the things that caused kim to back down was the notion that if they tried to launch, we would have to assume it was going to guam, we would have taken it out which would have been a huge humiliation for him. do you think the technology is at this point where we can reliably do that. >> i do have confidence in intelligence and capabilities that we do have the capabilities in various forms that we are not going to talk about in open forum. [laughter] >> i have stats on that. >> can i finish? >> go ahead. >> if they were to fire a missile, then we were to shoot

it down, that gives them information about capabilities so that we don't necessarily we want them to have. dagen, your stats. dagen: thaad has a perfect rate so far. there's other interkeptors in places like alaska, california, 44 interceptors this year. >> sounds like technology has advanced significantly. >> retaliation from the u.s. is exactly what president trump has described and that's not what north korea wants. you look at one of the

submarines can carry two dozen interceptors. there's a big concern over that, but if you look at some of our strikes, simple isis strikes that we have done in the past, you'll see that the u.s. does have the ability to do surgical strikes. taking out certain systemming and buildings doesn't mean that will die from one attack. >> i'm looking for a solution that doesn't cause market selloff. a surgical strike because of the risk to seoul and the

negotiation d -- there's no question that this guy would have to be nuts to take us on, but he's nuts, but our teams have been looking at what are the prospect that is if we launch something and we take it out, the market might cheer that. the market doesn't want to see escalation, if there's escalation, that's the best outcome if we are successful. maria: that we get ahead of it. >> when you think about imf he overplays his hand and humiliated, the military could take him out which the markets would really cheer. >> well, we will be very careful with the language. dagen: separating the leader kim from arsenal.

china doesn't want reunification. they have all dogs in this fight but we will be careful about the language we use in scenario. >> between regime change and regime collapse, and i think what i've been reading and what i think a lot of foreign policy experts are saying, if you really want a positive resolution, the idea is to get the generals in north korea thinking about how rich their counterparts are in china and kim is getting in their way and to dagen's point, you separate kim from nuclear arsenal and you don't reunify, you change from one dictator for one that's more sane. maria: sucking out of the economy. i want to get to venezuela this morning.

nicolás maduro seeks to regain control from prison facilities, venezuelan police raided home of former attorney general, he's become a key opposition to maduro, your thoughts? >> maduro is going to take out opposition figures. to specifically talk about the prisons, there have been periodic raids and that's because the prisons are overrun by the gangs that have access to automatic weapons, they can have access to hand grenades, violent gangs that are running the prisons there. this is basically the broader maduro tactic is to basically just smash anything that can be opposition and to try to maintain as much control as he possibly can over his country. maria: all right, we will leave it there, lea great to have your insight. lea gabrielle. we want to bring you breaking news. president trump tweeting out this, the public is learning even more so howdies honest the fake news is. they totally misrepresent what i

say about hate, bigotry, et cetera. shame. the president is obviously watching the news and seeing the -- the left wing media continue to say that, you know, they're criticizing the way he speaks. i don't know why he's engaging in these tweets right now. dagen: why is he watching? if it bothers him so, why is he watching? people can go back to listen him, saturday, tuesday, the american people can make judgment call. everybody has individual opinion about it. people are not watching the mainstream media to have these people tell them what to think and what to feel. >> make him -- watch the press conference. maria: denounce it and move to what the american people want to do, if they don't get -- it feels like he's falling apart. dagen: he's dwelling because he feels personal attack which drove reaction on tuesday.

he needs to turn the television off. maria: so you think he's takes everything too personal? dagen: i think that there's evidence of that. i don't want to psychanalyze the man. >> sometimes he's been too reactive and react to go what appears to be emotional way to some of these things. but it is also a way to get out policy quickly and messages out quickly as we saw yesterday as ceo's are pulling from advisories, well, i've just disbandedded them. dagen: they called jared kushner and said we disbanded it. the president took credit for it. >> if we are going to talk about the tweet, the tweet this morning that was damaging was the lindsey graham one. maria: why focus on lindsey graham? leave it alone and let him criticize and the president

should be focused on the agenda and not fighting back. that's noise. >> put together a coalition to get agenda through congress and lindsey graham is absolutely one of them and just like the ceo's had no choice but to distance themselves from the president on his remarks, lindsey graham, the whole senate has to do the same thing. maria: he's got to figure out a way to get along with these guys. look what happened with john mccain. because he never apologized for calling him not a hero, john mccain got him back. >> i'm sorry, he's a war hero. >> absolutely he is. dagen: voting down obamacare increase in military budget and defense budget in jeopardy which the wall street journal wrote about it. president trump is keeping this issue alive and that is the worst think that he can do at this point. maria: we will take a break. over 10,000 batteries in galaxy note 4 phones recalls. overheating concerns next. and then you could call this a

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maria: welcome back, happy thursday, everybody, we are looking at a lower open forking the broader markets today. futures indicating a decline about 17 points in dow jones industrial average. company cisco fourth-quarter earning report revenue topped expectations but still declined 4% year over year and te klein in revenue from security business and as a result the stock is down 3% this year. one of the reason it is market is under pressure. we are watching shares of gas this morning. the company set to report second quarter after bell tonight. analysts are looking for 52 cents a share, shares of gap have fallen over 12% this year. attorney general jeff sessions put it is spotlight on miami for policy change on sanctuary cities, lauren simonetti with the details, lauren. lauren: calling out city that is disregard president trump's

order to step up immigration enforcement. he praised miami-dade county for being the first in the nation to drop sanctuary status. he suggested illegal immigration leads to rising crime rates. >> provide safe his or her -- harbor for criminals. some of the cities in the state of california are suing. more battery trouble for samsung but the company is not the blame. this time nearly a year after samsung recalled and discontinued galaxy note 7, 10,000 older galaxy note 4s have been recalled because of concern that their batteries could overheat. the problem government says could be counterfeit batteries. in injury or damage has been reported.

time to upgrade. motor ola developed a screen that can't crack, display with materials that could return to original shape so when heat is apply today this material it kind of heals over the cracked screen, self-healing home, if you will. this is a good story. sometimes truth is stranger than fiction, what are you looking at in 84-year-old mary of canada, lost her diamond engagement ring years ago while weeding her garden. she didn't tell her husband and instead brought a replacement, her secret was out when her daughter-in-law pulled out carrot, it literally grew straight through her ring and found it 13 years later. maria: that's amazing, she was forward ening or something? lauren: the way the ring fell in the soil, carrot, she didn't see it, a carrot grew through it.

maria: thank you so much. we want to watch alibaba earnings, beating expectations as you see there. the stock is up right now. michael jones, what do you think of this report? >> i think the entire online segment in china is on fire and why wouldn't it be? it's one to have largest markets in the world that they have all to themselves. so they don't have to worry about competing with the amazons and the facebooks in china, they can come in and use the profits from china to attack companies, it's a great business model when you have a protected home market, so these stocks as much as we talk about the fangs, these stocks are really big and probably continue because it's a fantastic business model. maria: they were questioned the way they book revenue, years since the company went public. every chinese company, you have to ask questions about the

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maria: dating back hinge rewarding with free gifts for relationship milestones. tracee carrasco is checking it out. tracee. tracee: you're being paid if you met on this app and you are a successful couple. for example, if you become exclusive, you can get an electric toothbrush, you're celebrating a birthday, a pair of birthstone earrings, meet the parents, moving in together,

getting a dog, subscriptions to plaited, becoming a newlywed, a framed picture from your wedding day by frame bridge, there are 11 relationship milestones all the way up to first wedding anniversary and having a baby and the rewards get more lucrative obviously and as far as the rewards, they range in pop-up store called milestone market and that'll be first seven days, first-come, first-basis. i think it's great. maria: how does this company make money? how do you monetize that? tracee: they partnered with the sponsors for the prizes so rent the runway, they are giving something, gift certificate to celebrate first anniversary. maria: what are they getting out of it? >> to be partnering with them.

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that sounds awful but a lot better than last week ♪rock guitar music ♪we weren't born to follow maria: good thursday morning, welcome back, thanks for being with us. i'm maria bartiromo, top stories right now 7:00 a.m. on the east coast. breaking news this morning, we are waiting on wal-mart earnings, investors are watching retail online sales numbers as it tries to keep up with amazon. stock is up going into the numbers, soon as they hit the tape, we will bring you them. futures are pointing to a lower opening this morning ahead of earnings out of wal-mart. that's a dow component. right now the dow expected to be open down about 20 points, the nasdaq down about 16, that's a quarter of a percent lower. in europe decline as cross the board as well. this is a fractional move nonetheless negative territory. the cac quarante and dax index a

quarter of a percent. in asia overnight, mixed markets at the close. nikkei average and japan down as was the hong kong index. president trump breaks up with corporate america. the advisory councils have been disbanded as president trump targeted ceo's in news conference earlier during the week. >> not at all, i think the country, look, you take a look, i've created a over a million jobs since i'm president, the country is booming, the stock market is setting records, we have the highest employment numbers we've ever had in the history of our country. we are doing record business, we have the highest levels of enthusiasm, so the head of wal-mart who i know, it's a very nice guy was making a political statement. maria: what this means in the future of the agenda in taking action against the opioid crisis, expressed grips will start limiting the strength and numbers of drugs prescribed.

hbo is hacked again, this time network twitter feed that was hacked. joining me to tuck about it dagen mcdowell, riverfront and chief investment officer jones -- michael jones and lawrence jones. dagen: dropping stuff everywhere. maria: they want to know what's going on with the panel, the conversation that we are having about president trump. >> i have defended the president when it comes to policy, i will continue to defend him when it comes to economic policy, creating jobs, health care but this is your time to defend me. this is your time to tell the country that you will condemn, an opportunity to go to the town, funeral, enough is enough. if you support me, i'm not for

it, i don't want your support. maria: we've got breaking news hitting the tape right now. $123.3billion in actual revenue, that's better than expectations, revenue is topping estimates, also earnings per share. a dollar 7 was the estimate. let's take a look at what the earnings per share is. revenue coming in above the expectation, michael jones, your take, we are waiting on sales, we want to get to that to see what the impact was. >> obviously we still have a lot of detail that needs to come out and when you think about the massive top line that wal-mart has, very difficult to get that number to move by that extent, i think what this is suggesting is, is that there are two players in retail now, there's amazon clearly but wal-mart has the scale, the logistic expertise, the supplier relationships to actually duke it out successful with amazon and this is going to be a

two-horse race. maria: better than the estimate and look what just happened to the stock. sales were up 1.7% dagen but this stock is trading up and trading down quickly as the numbers hit the tape. dagen: 1.7 is right in line with what robert said in may. sales existing stores, 1 and a half to 2% in most recent quarter. that's right in the middle. you have to dig into these numbers. >> i think what the issue is, you remember we talked about in the beginning, renew was going to be good but what about margins and i think the fact that the revenue was up so much and yet they only beat by a penny on the actual bottom line, i think there's concern that while they are getting the revenue they are having to sacrifice margin in order to get it. maria: all as we are seeing the competition increase. obviously amazon is going to be buying whole foods, that's going to take aim at wal-mart's

grocery business, you've got others also trying to get a piece of the customer base here. dagen: wal-mart is doing a good job in terms of combining the online experience and what you get in the stores. there's so many other retailers, different retailers but macy's, for example, even specialty retailers have struggled to -- to make that combination, maintaining customers who come to the store and then building new business online. maria: yeah. by the way, wal-mart ceo doug was one of the corporate executives criticizing the president's response to the violence in charlottesville virginia in a memo to employees, mcmillan faulting the president for not rejecting white supremacists, remarks came as many corporate titans distanced themselves from president yesterday, the president dissolved two of the councils themselves tweeting yesterday, rather than putting pressure on the business people of the manufacturing council and strategy and policy forum, i'm ending both, thank you all.

joining us now executive director of coalition for trump and president of the trump media advisory board, bruise lavele, thank you so much for joining us. your thoughts. >> thanks for having me. maria: we are happy you're here and what took place in terms of all the ceo's trying to distance themselves from the president? >> well, you know, it's like the president has said in his campaign, you know, he's not going to be tied to any special interest or and in my take on this, maria, is that what you want to come receiver and be a part of this administration, don't come with an umbilical tied and come with an ability to receiver. one thing is don't cave in to mainstream media out here trying to paint a picture on the president and make him out to be something that he's not and cave in. we need something strong. we don't need weak people that come in the administration and we need to come in here, for the people, by the people and put it back into the small businesses

lie myself who we make up 80% of the tax base, small business here myself having a business in atlanta, so this -- this president is keeping his campaign promises, come to the table but don't come weak. maria: people want to see strength when it comes from the president when he denounces nazis and neo-nazis. >> yeah, well i don't think it was difficult, maria, with all due respect, i think -- when i saw this come up i was on the other mainstream networks all week and i can tell you that i counted 13 times all the way back to 1991 with larry king on the show, i counted in 2000 with matt lower and at one point will we stop at americans and most media, not all, stop giving this person from louisiana this light by keep bringing his name up. you know what -- if you do notice in atlanta, if you notice you haven't heard from a lot of the civil rights icon, older

folks like my uncles who marched with in the civil rights movement in at will wanta and the reason why, maria, they know that any time you give negative darkness such as this person who i will never mention his name ever and i have challenged all mainstream media to stop giving life to this person. this is what keeps breathing it. maria: i understand. believe me you have support here but the people wanted -- how hard is it to just denounce d he did it very clearly on tuesday, but then he muddied the waters by saying they are fine people on both sides, that was the issue and that's why it's still being talked about and that's why ceo's were getting called from constituents, larry summers was calling everybody. he's setting himself up.

>> they were coming to talk about taking down this confederate statute. remember now we are not finished with the investigation that the attorney general has sent out troops on the ground immediately unlike previous administrations that ferguson almost burnt to the ground. maria: i want to get lawrence. >> those people were marching with the klan. >> no, no. >> they were marching with the klan. >> here we go again. other younger people that came there to talk about the statute. >> oh, you mean the ones with the tiki torches? >> here we go again. here we go. there were other young -- [laughter] maria: horrible situation that people don't have tolerance to hear about the few other that is

were there to talk about the statutes. that's the thing, bruce. >> that's the good people. maria: right, i understand -- >> that's what the president is saying. maria: it's so bad and obvious and it's ashame that we all have to come out and say i'm against nazis, i'm against, you know, hatred, i'm against bigotry. obviously, but this is happening because there's too much mudding of the waters, that's why, bruce, go ahead, lawrence. >> what is the update on the president's new deal for black america that he talked about because this will be something that he could tell the community right now while race relations are out of control? at least i'm trying to deliver on economic agenda for black americans, do you have a status on that? >> the new deal for black america i can tell you this is for all americans, sir, lowering regulation to create more jobs, the new deal for black america which i'm so optimistic when we come after labor day and i've

said this many times and many shows and the president said this, i knew that affordable health care act which was a debacle. >> that's one thing that the president could use right now is actual ties in the community with small business leaders, black businesses that are in the community that he could go back and say, you know what, this race relation thing may be a problem but i'm trying to bring jobs back with the community with the -- >> case and point. black teens from age 16 to 19, lowest unemployment for 19 years. sir, you to realize the consumer confidence is all-time high. the numbers speak for themselves, the dow, nasdaq, the numbers are because the consumer confidence which affects all americans, all races no matter who you are or whatever, respectfully and not to mention not getting into the weeds of where betsy devos comes out as it relates to school choices

that affect inner cities, a president that sits on inauguration day that speaks profoundly directly to a lot of inner cities where no president in any inauguration said enough is enough in certain cities. dagen: bruce, the way the president has spoken since saturday, saturday and tuesday he has made it all but impossible for almost any business to leader to stand next to him whether it's a small black business owner or the leader of a major american corporation as somebody who grew up in the rural south and lived through desegregation and integration of the schools and trying to be a better society when you see people marching with torches and you don't have the president of the united states who stands up immediately and says, nazis who are screaming death to jews, bad. and they killed a woman in charlottesville. a white supremacists killed a woman in charlottesville. how do you have a business leader that stands next to this

president until something changes in his rhetoric? >> well, like i said earlier, i don't know how many times the president has to denounce this evil empire which i will not give it life and name. >> he pivoted back. maria: to be clear he did denounce it. >> i don't know how many times he's going to have to say it to make people feel better. at the end of the day, he has addressed it and put the issue on the table and has spoke about it and we have moved on. we keep bringing life into this. maria: that's why maybe he has to say five, ten, 15 times. yeah, look -- >> i disagree. maria: i agree with you. he denounced it on tuesday, the problem is he brought other commentary into that press conference which muddied the waters and because there's such sensitivity to it, who is advising him? is he getting the right advise? when he goes out to a podium after the these sickos went and

had chanting and a woman's life was taken, maybe he should have come out to the podium and said a woman's life was taken, we are all in mourning, the country needs healing, i will be back with more information. for now we must come together. just quick, short, help the country come together. >> well, i think he said that many times. he sent condolences out to the young lady that perished and the two troopers, bates and mccollough. the president said it over and over and, maria, i don't know how many times the president needs to keep saying it, but i will tell you this, okay, i'm very serious about this because i know a lot about this from my family, what we went through, we have to stop giving that evil entity life. we have addressed it -- another

thing too on race reconciliation which i know a lot about being biracial child. it means for the people. we look around our groups, are we segregated in our churches, are we segregated in our communities, are we segregated in our civic groups, we as a people have to reconcile, we can't look for the government or any government in terms of governor, state house to put policy on a man and woman's heart. me as a christian, i follow christ. i think we as americans have to reach out and ask ourselves this question, look in the mirror, am i treat this gentleman down the street because he or she looks different. we have to take race reconciliation and family restoration and stop looking at the government because, maria, real quick, i want to make this point, if we don't take accountability on terms of how we reconcile, then one day we are going -- we won't be able to protest anywhere. maria: bruce, thank you very much for joining us. we appreciate your insight.

bruce lavell joining us there. >> thanks for having me. maria: to be fair it's so combative, we will be right back

maria: welcome back, a possible bike break in the case of natalie holloway who disappeared in aruba.

lauren: natalie's father found human remains to see if they are a match with then 18-year-old. an informant who lived with a friend of the suspect gave a tip which led them to the remains, vander sloot is serving sentence for killing someone else. limit the number and strength of drugs prescribed to first-time users. this new idea from the medical association, doctors say they should be the ones to work out treatment plans with their patients. take a look at shares, down about 10% this year. i also have this story for you, maria, hackers briefly taking over hbo twitter accounts, the hackers tweeted this last night, we are here, we are just testing your security, hbo team please

contact us to upgrade the security, responsible for facebook. all of this raising concerns after hackers stole un-aired episodes of game of thrones. you might see some long lines tat convenient store the next couple of days, that's because no one won last night's powerball and that means this jackpot is now $510 million. half a billion dollars. there have been 19 straight draws with no winner, no surprise, the odds are winning are only one in 292 million. next opportunity is saturday night. feeling lucky? maria: well, we will see. we have to get our tickets, thank you, lauren. coming up protection or privacy invasion, the details as los angeles tests new subway securities, we are going to check it out and then back to school clothes delivered right

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included with xfinity tv. more to stream to every screen. your insurance on time. tap one little bumper, and up go your rates. what good is having insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch and you could save $782 on home and auto insurance. call for a free quote today. liberty stands with you™ liberty mutual insurance. maria: welcome back, we are talking markets now. adding to the low volatility environment in market hedge fund research is launching indices which is an investment strategy. joining me now in fox news ken, good to see you.

thank you so much for joining us. how does this work? >> yes, so the risk parity strategies, they are operated by the hedge fund firms but different strategy, they basically are creating four different buckets in their portfolio, equities fixed income, currencies and commodities and then they are assigning allocate to go each of them at target volatility level for the investor. the goal of this is investors can either get performance that exceeds that of the equity markets with the same volatility or matches that with a lower volatility. that's what the institutions are trying to get. maria: what are institutions are doing right now. yesterday we saw markets turn on heels of the news out of washington. >> institutions are legitimately

concerned about how many days in a row do we see record equity prices and i think that at this point they are trying to position for an environment that the risk parity strategies where they are diversifying fort -- portfolio. 68% of endowments and foundations have greater than 10% of portfolios in alternative investment. maria: it could be private equity but not stocks? >> not stocks. maria: hedge funds you're say rg getting worried about the valuations in stocks? >> risk parity, real estate, those are the things that we are seeing towards increased allocation. maria: where is the exposure for large institutions would you say? technology has been the group that's obviously been leading this market even though in the last couple of days they've rolled over a bit, is it tech,

other sectors that you could name? >> tech has been the flavor of the last, i will say the last two years. maria: even for hedge funds? >> for sure. i think that there are certainly -- you have seen a lot of activity also, a lot of hedge fund activity in retail space and with all of the shifting landscape of retail and people move get away and deal with whole foods and a number of other things, that's really shaking the foundation of retail and people are legitimately asking questions in five areas what is retail going to look like from equity valuation perspective. are they going to go away? maria: they are betting against retail? >> a lot of fund managers are positions -- positioning for this shift, is there more people

like am done, more downside in a lot downside in brick and mortar stores. right now as you're seeing m&a transactions really validating this back and forth themes. maria: we have been talking about the president and has taken place this week, business manager stepping off of the council, the president disbanding the two councils, do you think that gets in the way to have agenda and tax reform and how important are some of the economic policies that the president has talked about so much from for markets and for the continuation of these gains? >> i think they are very important and i don't think that -- that the last few weeks, the last few days really that have been defined by this flair up and interracial tension should get in the way because the economic agenda is everyone in the u.s. stands to benefit from. these issues that have come up that have resurfaced in the last few days, they are not new to

the u.s. for sure. these were with the last presidential administration. i would be willing to summit that almost every president have dealt with the issues of how do racial tensions, how do we feel about them and it's a very delicate complicated issue but in terms of whether or not -- that should not be allow today get in the way of the broader economic agenda of tax reform. maria: tax reform is going to happen? >> i think it has to happen, it's very important and it should happen. maria: we will leave it there, ken, great to see you. ken heinz. we are talking about echo and why it's so attractive to investors. a-lister that stole the title of top-earning actress from jennifer lawrence. back in a minute ware of what's happening right now? we're facing 20 billion security events every day. ddos campaigns, ransomware, malware attacks... actually, we just handled all the priority threats.

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welcome back good thursday morning everyone. it is thursday august 17. the commander-in-chief will meet with the small business administrator. his decision to disband that ceo council. they reported earnings at top expectations. walmart shares are down to a half percent.

they beat expectations and are now trading up. for the broader average. the low of the morning right here. down about 30 points. in europe right now stocks are lower across the board. we can see it's its way off the lows here. in asia overnight markets were also mixed. the winners in china and korea and ek in japan was down fractionally. the details as the la subway system test new body scanners. plus a dialing up a change. in the odds are no longer in her favor.

the a list or in hollywood who dethroned jennifer lawrence as a top paid actress will tell you what it is. they delay in the new mission impossible film. the latest on the injury that tom cruise sustained while performing his own stunt. this is apple ceo tim cook announces that. this as a facebook ceo said in his platform writing. it's a disgrace that we suddenly decide that it is rug. as if this is not obvious. it's true. my thoughts are with the victims of hate around the world and everyone who has the courage to see that.

join us right now. you've been an entrepreneur over and over again. here you are once again. i want to get a take on your business. how impactful is that. we are testing the hypothesis. at this point do you worry that the agenda doesn't get executed. it is so important for small business. we talked about the health care in all of these policies. i spent four decades in the innovation culture.

and i have seen regardless of the dysfunction and regardless of what happens in this government i think we are to continue to innovate. and this is what i do. >> obviously relationships between the administration the business leaders of the country. they have obviously been tremendously frayed this week. and the president's diversity leadership he was on earlier and how stepping down was almost like a sign of weakness from the business leaders. as it can help repair relationships with business leaders. or will it continue to be hard to be implement it. it's hard to believe that anything good comes out of washington dc in the next three years.

you are using those. artificial intelligence. we live at the intersection of artificial intelligence in this new phenomenon called internet of things. it's everything about the weight business leaders need that. i think the companies today is the phenomenon. in the companies like that. and then they may be 30% of the fortune 500 companies. was a transformation.

they have a roughly quarter of the sales of walmart. in a greater market cap. if amazon decides to go on the pharmaceutical business the censoring of value changes everything about that. and companies that mrs. transformation are gone. are they awake to the fact that these leaders are more traditional companies. you have the leaders of this altogether. they had had that with struggling to catch up's 99 for pete's sake and it seems like there are a lot of leaders across all industries that can be could be making

the same mistake. there are companies who are just driving this each way. there are companies that will be left behind. companies like walmart are in jeopardy. they are changing very rapidly. using digital technology to reach their customers. and serve their customers into service their customers. tell me what i want before i know i want too. they're using it right now with their echo. no one is gonna shed too many tears about corporate america going through the ups and downs.

what is the impact that your vision accrual working americans. they had been able to displace a lot of workers in some of the other competitors and obviously they don't nearly expand to the same extent that they displace workers. what you see as future of the job creation. this relates to all of what is happening in information technology in the last 50 years from supply chain optimization. we had been increasing productivity but we had been replacing jobs. i think this is a very troubling issue. in these to be addressed in white it is provide holiday -- quality services. think about it were. no cars, no drivers. look at what they're doing.

this is can have an adverse impact. we need to think about that. it is an important issue. when i hear silicon valley leadership their attitudes are like let's have all of the guaranteed income. when you think of what it might be. they want to get people a bread and circus kind of approach instead of actually thinking about what are the jobs that could be coming out of this revolution. i think we need to look at k-12 education. i think it actually changes everything. through distance learning and what have you. as it relates to the job

market. we need to look at k-12 education. our population is changed for the next economy. do you see anything in the current administration that might be helping on that front. i see very little going on in washington dc. the likelihood of that. were talking about the trump agenda. i do don't know what you think the likelihood is. i wish we would get tax reform. dysfunction in the white

house. i think we're all on our own. my job is to create jobs. in my job is to not worry about it. the massive bleeding. in the application. and ai. to revolutionize healthcare. so they can look at that. it predicts in the seven years. who is going to come down with that. so they can deal with these people are clinically over the next seven years. rather than an operating room.

the social impact of the is huge. in the name the disease. these people are driving innovation and healthcare. like no one has ever seen. >> and your company is helping to innovate in that. in europe, and asia and north america and canada. they are driving innovation and we are at the table with them. the market are or the economy. the information technology company my segment is growing. my customers seem like they are investing. how different is the environment. your customers are investing in. how long ago did you start to see that shift in business investment.

this is one and when it started to accelerate. today we are seen massive investments in people and training and ai. >> think you so much it's good to see. we will be right back.

a familiar security feature for passengers at airports be tested. lauren simonetti more. they are putting body scanners to work underground to check passengers for firearms and explosives. it is a two-day pilot program and will evaluate the accuracy of the machine and how fast they can work in a busy subway system. so unlike the airport security check. they don't have to take out their laptops or take off their jackets or shoes. the screening by the way is voluntary. do you still have landmines.

-- land lines. i have to do is say okay google if it is the latest challenge to amazon it has calling and messaging features but you can only make those two other devices. tom cruise recovers from a broken ankle. the hollywood reporter is sayed there well last eight to nine weeks. it's been a great year for emma watson. they start laughing or there's people sitting in the waiting room. maybe i'm not good enough.

emma's done. she has just been named the highest paid actors in hollywood. due mostly to the success of lala land which roasts $400 million at the box office. they are to $24 million this year. in fifth with 15 and half million dollars. thank you so much. thinking inside the box when it comes to back-to-school shopping. tradition. stay with us. because it tells us something powerful about progress: that whether times are good or bad, people and their ideas will continue to move the world forward. as long as they have someone to believe in them. citi financed the transatlantic cable that connected continents.

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welcome back. it's about that time of year. back-to-school shopping. it is a new subscription service that eliminates some of the hassle. good to see you. tell us what is in the box. is it apparel or toys for kids. we always had a surprise and delight factor we carry amazing brands and a value price. and it is a personally styled box. curated especially for that style sensibility. the parent and the child go to kid box.com and they go through the style profile. from that we actually leverage

on artificial intelligence. we actually leverage technology to assemble a personally styled box for that child. is at the price or convenience that has people loving this. it is amazing brands at a value price and it is convenient for the mom. we've a social mission and our core. for every box cap we work with an amazing organization to provide new organizations. in getting online. not all but it is definitely a shift. retail has actually increased year-over-year. they had shifted.

we look at the front door of every household is as a new door of retail and we are bringing a curated experience over the threshold of every household. it's not replacing stores they will remain to be important. based on consumer preferences. this is a cameron's box. and it features our brands. do you had deals with all of these companies. we have strategic relationships. we've the target list of brands we would love to list. we have a girl box over here. we have jessica simpson the

experience is really personalized. and kids just get a huge kick out of it. even in the day of mobile phones and xbox is. they had been created especially for them. we actually removed all the obstacles of shopping for the consumer. we had removed the obstacles so we provide free shipping, free return. and we've weaver amazing customer service team. if they prefer one brand over the other. every box gets better than the last. the data and technology are really driving our business.

i'm a fan of amazon but i we are really focus on the mom and the child in that. i spent my entire career in retail. it is shifting. we really see this as a replacement for the in store shopping experience. in the personal home of the customer. you're right there in the thick of things where the shift is taking place. congratulations. game of thrones fans listen up.2 diabet that is next hour. so i liked when my doctor told me that i may reach my blood sugar and a1c goals by activating what's within me with once-weekly trulicity.

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. . . . .. . maria: well back good thursday morning. thanks is to much for joining us. i'm maria bartiromo, thursday, august 17, your top stories right now 8:00 a.m. on the east coast, president trump ties to corporate america dissolver manufacturing business advisory council disbanding in aftermath of president trump's news conference on tuesday. >> we want jobs, manufacturing in this country, if you look at some of those people that i are talking about they are outside of the country they are having a lot of their products made outside, some of these folks that really -- will leave out of embarrassment case they make their products outside and i have been lecturing them including the gentleman that you are referring to, about you have to bring it back to

this country. maria: mate means for the future of the agenda this morning, retail again in focus wal-mart alibaba out with earnings this morning, stocks opposite directions alibaba to open at record high this morning, after results beat expectations, as you see the stock is up 6% right now, wal-mart is weighing on dow earnings be the expectations margins are questioned, as a result the stock down 2 and 2/3%, lower opening for broader averages we have seen this worsen this is low of the morning for sure futures indicating dow industrials sundown 50 points at open that is quarter of a percent lowe nasdaq analyst want half of 1% in europe marriages down cbo to look at asian markets mixed with winners in china korea, plus the key to heart health details on a stay has a some saying chaers action waiting for, nearly 300 million

dollars in classic cars hit the auction block we take you there wait till see some of those wheels look like john snow from "game of thrones", how ikea will hel you traps form a rug into the costume joining me to talk all about it fox business network dagen mcdowell, chairman chief investment officer michael jones blade tv host. >> great show kicking off a new hour, i like how i turned into will have the wing literal if you are remotely critical of the president and his words, and actions, then all of a sudden you are you marching with -- i think that is completely inas i know. >> i don't want to have to creati criticize the president we show focus on economics. >> i have been indoctrine aides by fake news media i have been a member of the

media since i starting working for a living in my father's school before i even took the job i was going to be lowest on the totem pole in temperatures of how people felt about -- based on your career. maria: we have been supportive by the way, in some ways, we always talk about the agenda, every morning, by the way, we are we are certainly and i certainly have been, supportive as well but the president is not immune to be called out when we see something that doesn't make sense we will call it out. and so that doesn't make us liberals, part of this crazyness going on, i call it as it is that is what we thought you want. >> -- dagen: virginia same thing we call it like it is. maria: joining the conversation this morning arizona congressman with us chief economic advisory el-erian host of "varney & company" stuart varney as well big hour ahead please stay with us a lot to cover we kick would have top story,

president trump set to meet with small business administrator linda mcmahan disbanned business council blake burman in bode minister new jersey on president's agenda that meeting good morning to you. reporter: good morning to you early this week contending that he could simply replace ceos one after next falling out of his manufacturing council, the public pressure appeared too much for all involved yesterday the manufacturing council and the public and strategy freshman groups littered with some of the biggest ceos business executives from across the country disband the president yesterday silent as related to criticism involving his response to charlottesville out again in full force defending himself taking the twitter quoting from feed publishes speaking lindsey graham falsely stated that i said there is more kwifls between kq and neo-nazis

sprite supremacistsing a engulfing lie can't forget election people in south carolina of remember. >> public learning how disk honest fake news is totally misrepresent what i say about hit a bigotry et cetera, shame. speaking yesterday from chile vice president mike pence stood behind the president's response. >> what happened in charlottesville was a tragedy. and the president has been clear on this tragedy and so have i. i spoke at lengthy about this heartbreaking situation on sunday night. colombia i stand with the president i stand by those records. reporter: republican lawmakers in large part are trying to distance themselves from president as relates to

comments on charlottesville we have seen reaction from some largest ceos groups ceos, that were frequent visitors at the white house remains to be seen when ones will be back when ones invited back. >> blake burman in bedminster this morning we bring in san diegan congressman, biggest right now good to see you thanks for joining us. >> thanks for having me. >> criticism surrounding the president charlottesville comments distracting basically feels like ceos are no longer able to stay on the sidelines they have to come forward talking about social justice because of pressure is this distracting from the administration agenda? in some small part sis dominating media right now, and what we really need to be focusing on what we need to be moving back to is the tax

reform package obamacare issue, the budget issues, the basically republican agenda, and you know this is -- this is something that we -- we can do, we can do this anywhere colleagues i talked to yesterday indicated with they are with me we can keep pressing forward getting the agenda done not going to let this distract us. >>. dagen: congressman you have pressed forward pushed through a repeal and replace bill that died in the senate. in our going to be facing raising the debt ceiling keeping government open putting together a budget and then maybe talking tax reform without a coherent cohesive senate on republican side working alongside those in house how condition you gefr either anything done. >> you raised -- the fundamental problem that i see that is why -- i have been saying that they they really need to change 0 vote rule let's move through equal

representation, in the senate. and i believe that the house needs to do the best possible legislation it can do regardless of we we can't avoid will senate devote this out we need to keep our word with american people, and get this stuff down, get it over to the senate, and then let the american people join us, in encouraging the senate to pass this good legislation that i think the house can get out. >> congressman do you think that -- if you think about health care debate, there seemed to be -- the president obviously wanted a bill but wasn't very specific in the contents of the bill he was seeking the house and senate took fairly different approaches, and ultimately it couldn't get through the senate. even with the a 51 vote test. so i guess my question is given all the turmoil seems to be occupying the white house do you think the president will be able toll provide sufficient leadership on tax reform to get a coherent bill from both the senate and house

that can be actually enacted? >> that is a great question -- but -- but my response is yeah i think so because -- even though we have the examples ofbills being passed in both with houses on the health care issue, the one thing that everybody has talked about conflict of interestly getting a good tax reform package that yun anymore thee i think unanimity allow us to get something done helpful i think yeah we can get this done, and, quite frankly,, we have to get this done. this is going to be the catalyst to economic strength and recovery we all get it we all understand that so i think, that there is much more

consons us then you will see able to get done on health care issue. >> are you expecting to have democrats participate in this tax reform package are you expecting to do this through reconciliation have 50 votes? >> well, their positioning trying to position this for reconciliation. but i have talked to people and i do believe that we are going to see some democrats in swing districts who understand the need for tax reform are going to come on to at least some portions of this, and just against o how we struck it is it one big monolithic bill, a series of good tax reform packages that interlock with each other then i think you will see detract participation. >> lawrence, jones in a second the president he'd to your home state for campaign style rally next week i want to get your pick to on this because phoenix mayor stanton urging the president to change plans he postpone have rally he says i am disappointing that president trump has he o

chosen to hold a campaign rally our nation is healing from tragedy events in charlottesville, it is my hope, that more sound judgment prevails that he delays his visit. congressman should the president postpone rally in your home state. >> no i think he should go ahead and come i think it is important to -- to get out and speak to the people if you want to if a person is going to unite this country he needs to get out speak to people you know mayor's position for post mayoral race smir get what he is saying i think that is more political than reality. >> congressman it has been said from sources on capitol hill, that many of the people in congress are losing faith in the president they believe that they should not -- support part of the agenda because he won't give them cover, do you -- are you getting that feel on capitol hill? >> i am -- i am not hearing that too much i have heard a couple people say that, but the reality is most of the people in the republican conference in the house anyway are right there, with

republican agenda. we know that is the promises we have made i talked to leadership, actually member of leadership a couple days ago, saying i am going to be on with maria what do you want me to say are we industrially working on health care still doing this he said yeah republican agenda is still objective going forward going to do best we can to get that about objective done. maria: yesterday all sorts of rumors after all ceos responding to president commentary on charlottesville rumors gary cohen is under fire pressure for him who knows about steven mnuchin are you worried the president is going to lose cabinet members. >> yeah i don't think he has had all arbitrary and capricious members confirmed yet so, yeah, i think that -- that this has been a very difficult transition period let's face it there is you can point fingers at a lot of people but i think -- i am concerned because we want to

stability in the white house, i don't think that that those there is certain -- not you guys but there are certain groups within media that are never going to approve of anything he does they are going to fight him all the way. there are people within the house that are going to fight him try to be obstructionists, and in senate all the way, so yeah, i am concerned. maria: you are concerned that cabinet members would step down? >> they might, i mean -- there may be some pressure i am not privy to what goes on internally, of course, but we want stability in the white house we want stability in the house and senate that is important for the country it is important for the economy. maria: congressman the president is tweeting about all sorts of stuff this morning, that is one of the issues, right? people want to know that he is focused on the agenda, here is his tweet this morning, i got to get your reaction to this great to see dr. kelly ward is running against flake jeff flake weak on boards crime nonfactor in the senate he is

toxic what do you make of the president's criticism here of jeff flake? >> well, you know the reality is those two kind of have this running war of words i guess. you know. jeff came out with a book i guess a week or so ago pretty critical of the president has been critical of the president, and -- you know this is the way this president operates, i mean he is going to say what is on his mind. >> going to say what is on his mind you warn if it is going to be an issue for the country's progress. right you seem to have legitimate worries congressman. >> you know, you have to understand i am an eternal on malice aforethought -- eternal optimist i think we are going to get agenda done, we have to work like crazy i was disappointed we did not say in session in august one of the ones pushing for that, but we've got to go forward we've got to get this agenda back. maria: all right congressman

thanks very much for candor this morning we will be watching. >> thank you. maria: the developments, congressman and bigs, there stay with us we will be right back. [brother] any last words? [boy] karma, danny... ...karma! [vo] progress is seizing the moment. your summer moment awaits you, now that the summer of audi sales event is here. audi will cover your first month's lease payment on select models during the summer of audi sales event.

back emotional vigil university of virginia last night lauren simonetti with details. >> hundreds of people turned out to walk peacefully same place white nationalistists marched friday where fights broke out remember 32-year-old killed over the weekend, when

she was struck by a car as she protested the rally, her parents appealed for calm. >> they tried to kill my child, to shut her up. well guess what? you just magnified her. >> we need to stop all this stuff forgive each other i think that is what the lord would want us to do. is to stop just love one another. >> two virginia state troopers monitoring the event died when helicopter crashed, lawsuit claims poland spring water is fake 11 plaintiffs filing suit in connecticut this week saying the water shth maing sales has been a colossal fraud perpetrated against american consumers that is a quote, says nestlé has been saying bolted groundwater under brand name since 1939 mislabeling it one hundred

percent. >> ♪ i was falling in love now only falling -- there is nothing i can do, eclipse of the heart. >> ready passengers aboard royal korean cruise total eclipse a special gift bonnie tyler to perform 1983 hit totally eclipse of the heart as moon sails grass to go the sun monday afternoon he depart from olympianed florida to caribbean on sunday, ikea playing a starring role in the hbo serious "game of thrones" men of knights watch used ikea costumes helping fans of the hit show make their own night watch case so put instructions on their facebook page, basically telling customers to cut circle they reportedly

can't be purchased right here in the u.s. we can't find them. so -- >> i cannot wait for so will eclipse. >> do you have glasses. >> no a good point special glasses to look at sun. >> sold out most places, 7-eleven selling them i know if you have able to find them i got alert this morning, and whatever glasses you do get you find make sure they are. >> coming up fed fight over rate hikes split over best way to proceed on interest rates could a drink a day help the doctor away in sfriefg health benefits of booze for your heart, next. their experience is coveted. their leadership is instinctive.

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after 9 do 5 science telling us go for it light to moderate drinking might have protective effects against a you cardiovascular disease, good to see you thanks for i think us you are about scientific advisory for u.s. distill council how do you define light to moderate drinking. >> 330,000 people i don't know if patient people from interviews done at home, okay, just like you get to surveys at your house out of 330,000 people ranked light moderate heavy drinking, light for women between and drinks in a week on average, and men between 3 and 14 a week on average so one for women two for men a day. maria: what are the. >> is it cardiovascular risk,

significantly decreased, heavy binge drinks out the window. drinking more than 14 per week for men 7 per week for women when i can tell patients -- you are good to drink -- >> told told my great aunt irene that should stake drink in the evening, as she began to suffer interest dementia we found her passed out on interior thought she was dead she had four shots of -- rather than one like out cold. what is the benefit is it just that it relaxes. >> we don't one hundred percent know yet. >> kind of interesting, probably has to do with arterial dialation helps blood flow we don't know. maria: not relaxation? >> it could be it could be so that since we don't know exact mechanism let me ask the

question probably on each's mind i want to believe this stuff. but if you go back seems to be like every five or six years a study seems to contradict the last study what makes this definitive. >> we look at studies very good point the way the study was done the factors, so you have to look at okay were people smoking obese, you have to take the study as a whole with a this did that is kind of landmark, is they were able to teas out all of the other risk factors okay we know if you smoke, doesn't matter how much you drink you are going to die, okay? >> we know if you are mored byly obese able to easy to out factors, say these are self reported, estimates, okay, and by self reporting estimates, that is the one possible flaw with the study relying on people for their own wlaul writing something down mailing typical honest same in doctors's office. >> smoking people lie about

smoking don't want it on record a pox on their person, and if -- >> insurance policies will go up. >> like if any record, that you have ever told anyone you smoke it will come back to haunt you,a in myriad ways. >> if they underestimate the amount they drink. >> probably if underestimating probably good thing. >> marginal of error. >> i use that my patients say they have -- two a day probably three. >> great to have you thank you so much being here markets this morning "the split" in federal reserve overinflation concerns, may be abling johnson wages going up talk about that retail earnings in focus wal-mart shares this morning are hurting the dow industrials that is for sure they are down, they closed at -- better at close this morning we've got wal-mart

under pressure even though company beat sales expectations we break down the numbers. stay with us. z.

maria: welcome back. good thursday morning. thanks so much for joining us i am maria bartiromo. it is thursday, august 17. top stories right now 8:30 a.m. on the east coast. president trump focused on business this morning, commander in chief will meet with small businesses administrator in new jersey today, this comes following his decision to disband his

ceo council yesterday more on reaction from business world coming up retailer earnings in focus top names wal-mart alibaba both beat expectations but there was weak outlook that is dragging down wal-mart shares down 2 1/2% weighing on broader averages alibaba up 5% to look at futures dow industrials is expected to be down at opening of trading this morning, this is certainly the low of the morning things have been worksening, in the last few weeks philadelphia federal reserve index out dow industrials down 60 points at open what we are expecting expecting nasdaq down 30 points, that would be one half of 1% initial jobless claims hitting the tape as well in europe here is what action looks like down across the board as you see ft 100 down half a percent dax down a quarter of a piers in asia mixed about at the close we see shanghai korea winners there, in china and korea, and nikkei down a fraction as hong

kong hang seng. >> disney plans to cut cord starting a trend turner brukd big on sports plans to launch it streaming service next year, practically out checkbook we head live to the california car show billionaires searching for newest toys a look at hot wheels stay with us on that the dow industrials expanding winning streak above 22000 mark yesterday again ending in positive territory for a fourth straight session. we are seeing a pullback this morning futures are near the lows of the morning we want to look at what this market is counting on, particularly with the uncertainty over the president's agenda. joining us right now chief economic advisory for allianz that is el-erian a pleasure thanks for joining us. >> thank you let me ask you about what we saw in washington this week mohamed how it is impacting, the agenda, and how that may impact markets. because all of those business leaders stepping down, you know many of them i know many of them, they wanted a stand

and said that what was going on in washington was too much of a distraction at this point, what kind of of impact is that going to have? >> look it is not good news for two reasons, one is that you don't get the input of the business community at a time when the administration and congress is looking at tax reform, infrastructure. and the second reason it is not good news it drowns out any discussion infrastructure and tax reform, remember you've got to design these pro-growth mirs ufth to get buy-in implementation and for that you need focus, and the focus right now is elsewhere. maria: yeah. do you think they can get back on track mohamed do you think it is priced into this market that we will get tax reform? or are people giving up on this at this point? >> i think people have pushed back the expectations for tax reform. they are come conferred a global economy in goldilocks

mode not too hot not too cold traditional banks remain supportive of markets and by all this money that continues to make its way into the marketplace including from corporate balance sheets, so for now, people are saying i know tax reform is important. i know it has been pushed back. i know it is a good destination to have but let me enjoy the joyner for now. >> good point i am glad you brought up federal reserve top story one of the top stories in the journal today is inflation we heard from fed yesterday, what is your takeaway on fed minutes? >> we heard two things from the fed on inflation, one is they are uncertain as to why inflation has not gone to 2% target two they disagree about implication of that for policies i think that is important. because it is going to make fed slightly less hawkish would make it continue to be bullish yes probability of a fed hike in december is still

there but it is lower than it used to be. maria: interesting because i guess the federal reserve is really split at this point over how to handle the pace of interest rate increases fed minutes said concerned about effects potential hikes could have on inflation you do think what we are seeing in inflation what we are seeing in the economy, is pushing out the -- the string of rate hikes? >> i think it is, if you have a conventional mind-set conventional mind-set a trade-off between unemployment and inflation and if inflation isn't about flashing yellow or red stay has to i look at it slightly differently i say be aware of financial consequences of interest rates being too low too long yes, inflation may not be 2%, but the longer you stay too low for too long the greater risk of financial stability around the world. >> how would you allocating capital if what you want to do

if vested already in this market. >> i think you want to reduce dollars at risk put in sectors underperforming for example if u.s. focused get global exposure in tech look at american markets still opportunities there, so stay invest erred diversify. >> tough wore dollar talk world economy japan world area showing signs of growth what is the story on dollar right now why are we seeing, the -- the year that we've seen,, of course, given this recovery, a bit, do you think that is sustainable? >> it is an important issue. in a way it is a good thing, that the dollar has weakened, because that helps competitiveness that helps growth why weakened? case markets have repriced

growth prospects in favor of europe repriced interest rates expectations in favor of europe the ecb minutes released today what is the ecb concerned about? about the euro being too strong, about the euro being headwind to growth think of strong currency in today's economy hot potato no one wants strong currency we have had a weaker currency going to help growth corporate profits. maria: really important point you wonder what that means for economic growth as they wrangle with tax reform package brady ohios of house aways means committee was on show yesterday, saying we're to go to have a tax package on president's desk by thanksgiving, that is going to lead to economic greeting, if we continue to see the dollar, sort of weaken or stay at these levels and get a tax package that would be boon for tax reform correct or economic growth? >> maria i think the most important thing this is a really important message to washington.

is that no reason why we cannot grow at a faster more inclusive rate. this is self inafflicted we know the measures that are needed a question of design implementation if you get design and implementation this economy can grow more at 3% than 1 1/2 to 2% stuck out. >> that is what what we want to see 3% could actually see jobs weem are wondering this is a business president right he was a business man, not a politician going to the white house. the business community was backing him even if politics were different, and now, you are seeing these counsels disbanding so i guess i ask you are markets investors the business communities that you speak with are they getting worried about -- about what is happening in washington? and can he get this back on track? >> they are getting worried and getting worried because it is continued dysfunction means that you don't get the

enabling environment you are capable of getting having said that has been operating in that world a while lender to be more resilient agile, and trying to navigating this not whether we continue at low level of growth the issue giving up an opportunity and as we give up an opportunity, maria, it did he presses lowers growth potential so an issue for kids as well as issue for today. maria: what to do about it mohamed? >> so i think first of all, the pro-growth elements identified, infrastructure, tax reform, deregulation that is an important component. after that, things that improve human capital, retraining, retooling the education system and then after that the need to catch up with what is happening on big data what is happening artificial intelligence mobility a long list of things

to do again maria it is not an engineering problem. this is a political implementation issue. maria: maybe usually markets don't get affected by this kind of thing, but if you are counting on tax reform, that is when it could actually impact markets, i mean, what is your gut tell you do you think you are going to get some tax cuts done this year i feel when i speak with market participants they are expecting it i don't know how you of a he will. >> if we just get tax cuts note tax reform, that is not going to be enough to sustain a much hero growth rate it may give us a bit of a boost, but profit -- corporate profits is not the problem corporate profits almost all-time high. maria: right. >> companies don't know what to do with that cash, cash balances are very high, what we need is tax reform we need to have incentives in the system take away distortion what is what is needed. maria: by the way, you said europe looking better but expecting stimulus to go away in europe we got ecb minutes out this morning, a lot of

people have been saying europe is the place to find opportunities right now, and i say? >> i think europe is having a good cycle moment it is not a as structural secular moment still have work to do better moment in short term markets are telling you a lovely joyner good part of the join we are enjoying the joyner but major question marks about the destination. >> would you invest in europe today? >> i would certainly want to have a more balanced portfolio, with some you european and other some merging market exposure makes more sense given roletive valuation u.s. market outpaced most markets in the world but, again, i would have some cash on hand, because i think you want to keep an eye on the destination. >> in other words, cash in hand because you are expecting a bit of a sell-off get another opportunity to get in? >> because i think if you are

long term investor it is not enough to enjoy the journey you also have to have confidence about the destination and until we see pro-growth measures being implemented in the u.s. being implemented in europe, we are not going to be able to validate asset prices over the long term. maria: well said always a pleasure to see you thank so much. >> thank you. >> see you soon el-erian joining us are chances for tax reform slipping away stuart varney has a thing or two to say about that kicking up a notch first look at turner new plan to follow -- we check it out back in a minute. ♪ so new touch screens... and biometrics. in 574 branches. all done by... yesterday. ♪ ♪ banks aren't just undergoing a face lift.

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on dow this morning company profit outlook disappointed nicole on the floor. >> outlook weak on weekend of the earnings per share seeing downside .7% dow futures down n 54 points you are going to see some of that because of wal-mart may be 1, 14 negative dow points news good news earnings per share revenue beat comp sales on rise traffic in stores rise sam's club a little week outlook weaker promising spending a lot trying to compete against amazon target making acquisitions in the one bright start oe. commerce growth up 53% last quarter up 60% this quarter jet.com, also making lots of acquisitions in oe. commerce area you can see all three about looking down this morning, amazon target

wal-mart then if you are a -- you love stocker maybe for you everybody cutting the cord turner sports launching a streaming network to air, champions league, soccer league you are going to see over 340, also on tnt, like disney hbo this is to compete no one else netflix amazon, another way to watch sports streaming. >> incredible what is going on in the market nicole thank you could backlash of president trump's response to violence in charlottesville threaten legislative agenda being a all morning house ways means kevin brady bullish told me he wants something on the president's desk by thanksgiving joining us stuart varney. >> i got to say that the chances of getting a tax cut this year to me at least, are slim, and none. look at that accurately

calendar to start with, you got 12-day period house and senate in session together, and those 12 days you got to get a budget down debt ceiling did i in and of itself now throw in latest political crisis, i think that is an accurate word to use, president trump's allies walking away from him, that is not going to make the congressional calendar any easier on his growth plan, if you ask me, are we going to get a tax cut in 2018 frankly i would say the chances are slim and none. >> do you think priced into the market or is that going to be a surprise for the market that is going to tell us if a sell-off or not. >> very good question maria, i think maybe it is beginning to be priced into the market. looking at futures down 50 points right now, maybe a very small part of that is this ugly feeling that ain't going to get no tax cut this year maybe being priced in now just the start in my opinion.

>> michael. >> right after president trump was elected small caps went on this amazing tear because obviously they are going to be the big beneficiaries from any tax reform they pay highest tax rates big multinationals seem to be able to dodge tangibles moving revenue overseas since four or five months small caps gave up all those gains now actually underperforming large caps even from the day that president trump was elected. maria: that tells the story stuart. >> don't you think that means the market has already said tax reform just isn't going to happen because reading the exact same thing you are? >> look the strength of the market is as follows. profits are very, very good. strong and growing. overseas, growth is very strong. and growing quickly, look at japan, 4% growth. maria: china too. >> i still think the hope of a tax cut the hope especially of an infrastructure program that

is still giving some support to the market. maria: right. >> but not that snuch. maria: good point look at small caps see you in tens minutes top of the hour 9 a.m. join stuart and "varney & company" coming up right after "mornings with maria" first the world portrays rarest ride into california live of a super bowl of classic car collecting see this group of wheels back in a minute. ♪ ♪ opens up -- (microphone feedback) listen up, heart disease. you too, unnecessary er visits. and hey, unmanaged depression, don't get too comfortable. we're talking to you, cost inefficiencies and data without insights. and fragmented care- stop getting in the way of patient recovery and pay attention. every single one of you is on our list. for those who won't rest until the world is healthier, neither will we.

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car collecting kicks off more than a quarter billion dollars expected to hit the auction block adam shapiro is in

pebble beach california with a preview. reporter: for 14 years official auction house gooding and company 129 million dollars in sales last year see what they do this year david gooding founder joins us to talk about one of the stars of this year's auction, this 1970 porsche 917, 917 a steve mcqueen connection tell me about this. >> absolutely, this was used in the famous remove "le monde" steve me queen directed wrote starred in one of the starring drove 917 his lead character drove it this is one of the cars used, three. >> this car is going to sell for what do you think about 12 or more million dollars. >> we are estimating 1 to 16 million dollars, and if i should say when we sell it, it will be a world record for -- >> what is interesting too you are going to possibly set not

necessarily a world record but you've got one of the most expensive ferraris for sale i believe we have video show car 1966, 275 why that is car special. >> i mean looks fantastic sounds fantastic, wonderful to drive only made 12 of them a very special ferrari. >> the ferrari, 70 years ferrari in the united states a special honoring of ferrari pebble beach this year we see them in multimillion-dollar range. >> so charismatic exciting cars automotive, gorgeous look great sound great, people just love them, and they didn't produce that many. >> that car right about 16 million dollars for that car. >> actually it is much cheaper 12 to 16. so -- >> a bargain maria bartiromo a barring you could buy that talk about this there are cars for the -- perhaps less wealthy millionaire jaguar 38

special because. >> ss1002 1/2 liter made 100 of these beautiful restored great looking cars prewar car sexy swoopy beautifully restored shown at pebble beach beautifully done ready to be used enjoyed. >> david gooding a pleasure to be with you big drive in three hours auctions friday and saturday we wish thank you best. >> thank you. >> maria bartiromo think about that they could they have there have been talk about all auctions on peninsula hitting a half billion dollars in sales but a big chunk is right here gooding and company, honestly that porsche is hot you would look sweet in this jaguar. >> i think i am with you there every beautiful cars there thank you so much, adam shapiro in california coming up final thoughts from all-star panel right here back in a minute. ♪

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>> our immediate outlook is based on rising wages. the fed just published a piece that says the average worker is getting good pay increases mass by demographics. >> steve mcqueen collectors watch, not the car cheaper. >> things got everybody. "varney & company." dream to the word isolated appears all across the media in reference to president trump. maybe the expression pile on would be more appropriate. the president's allies are walking away from him. the business advisory council's argonne put a lot of distance between corporate america and the white house. the president's response to charlotte so contradicts american values yet this the sweet piles on. the republican party is largely shutting the president. when the critics of the very few